Insignia CEO questions insourced admin, slashes 25pc of headcount
Dec 10, 2024 · Insignia Financial has shifted to outsource administration of its $180 billion superannuation assets, inking a deal with SS&C and reassigning 1300 workers to the service provider during the process. The decision stands in stark contrast to peers such as Aware Super, which recently internalised member services, but CEO …
Retirement is ripe for a revival - Investment Magazine
Nov 20, 2024 · Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.. We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of ...
Hostplus still leads 10-year returns despite muted FY result
Jul 18, 2024 · ^ indicates interim result. Returns are after investment fees and taxes and are rounded to one decimal place; however, rankings are determined using unrounded data held by SuperRatings.. Chant West similarly tracks a category called “growth funds”, which is defined as a 61 to 80 per cent allocation to growth assets.
Navigating biodiversity and nature risk in modern portfolios
Dec 9, 2024 · Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.. We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of ...
‘Peace of mind’: Treasurer unveils four-point plan to reform …
Nov 20, 2024 · Treasurer Jim Chalmers has unveiled a policy agenda targeting the retirement phase of superannuation, including a legislative change that will allow funds to provide new retirement product features like money back guarantee. The reform package was described by Chalmers as “necessary” and the result of “consultation and collaboration” with industry in his foreword to the inaugural ...
Leading asset owners behind new DEI code for Australia
Oct 1, 2024 · Leading asset owners Future Fund, HESTA and VFMC have backed the adaptation of a global diversity, equity and inclusion code to Australian conditions. The launch of the code by the CFA Institute follows its successful introduction in the US, Canada and Europe and Australian investors are now invited to join almost 200 existing signatories around the world, who collectively manage about 30 per ...
Why the whole world is suddenly paying attention to Aussie super
Apr 4, 2024 · As the assets under management in the Australian superannuation system continue to grow – now up to $3.7 trillion – and as populations around the world age, Australia’s compulsory savings regime is attracting global attention.. While it has its shortcomings – including the need to evolve from a primary focus on worker savings to …
Industry funds claim 6 of 10 highest-paid super CEO jobs
Mar 12, 2024 · CEOs of super and sovereign wealth funds received upwards of $3 million in total remuneration in the 2023 financial year, according to Investment Magazine's latest analysis based on fund reports and APRA data. CEOs of many of the funds included in the analysis could expect to receive better compensation elsewhere in financial …
HESTA to compensate members after asset valuation bungle
Nov 19, 2024 · Around 11 per cent of HESTA membership – or 121,000 individuals – will experience adjustments in the number of investment option units they hold in the coming weeks, as the health care industry super fund looks to rectify a price discrepancy caused by its revaluation decisions during the pandemic, which w ere questioned by APRA.. The prudential regulator said during March 2020, HESTA ...
Investment Magazine names new editor, appointments
Mar 24, 2024 · Award-winning journalist, broadcaster and financial literacy advocate Sue Lannin has been appointed Editor of Investment Magazine, commencing next month. After 20 years at the ABC, Lannin is eager to apply her decades of reportage across financial markets, the economy, science and energy to the Australian institutional investor community, believing the rise and rise of superannuation funds is ...